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Wells Fargo is Next Big Bank to Pay Special Compensation: But how will Community Banks Adapt?

Wells Fargo is Next Big Bank to Pay Special Compensation: But how will Community Banks Adapt?

Its full time employees would receive extra compensation of $600 if they make less than $100,000 a year
ABA and Trade Groups Lobby for Rule Changes, Delays

ABA and Trade Groups Lobby for Rule Changes, Delays

Trade groups want regulators to delay the introduction of CECL rules and changes to emergency loan programs
Fintechs Pledge Free Support to US Banks

Fintechs Pledge Free Support to US Banks

Fintech companies are stepping up to help clients during the COVID-19 coronavirus pandemic
COVID-19: Banks Adapt to New World

COVID-19: Banks Adapt to New World

How banks across the US are responding and changing their practices amid the global health crisis
Bank of America Hires 1,700 in Consumer Division to Service Customer Requests

Bank of America Hires 1,700 in Consumer Division to Service Customer Requests

The bank is also paying bonuses to “front line” workers in call centers of $200 per pay period
US Banks ‘Stable’ as COVID-19 Crisis Unfolds

US Banks ‘Stable’ as COVID-19 Crisis Unfolds

Credit rating agency KBRA is confident of capital positions but warns on banks exposed to hospitality, agriculture and energy
Former PayPal CEO Launches Digital Bank Targeting Middle-Class America

Former PayPal CEO Launches Digital Bank Targeting Middle-Class America

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round
Banks Donate Millions to Support Communities Through Pandemic

Banks Donate Millions to Support Communities Through Pandemic

Bank of America, Truist, Webster, Associated Bank and Mutual of Omaha are among those pledging to charities and community support funds
Banks Implement Remote Working in Response to COVID-19

Banks Implement Remote Working in Response to COVID-19

Mutual of Omaha takes measures to protect staff after virus case, while other banks announce remote working action
Fee Pressure to Cost banks 5% of Revenue, Study Warns

Fee Pressure to Cost banks 5% of Revenue, Study Warns

Accenture analysis urges banks to adopt new technology to replace revenues lost from competitive and regulatory pressure
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